CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

On April 7, UBS cut its gold price forecast for the end of June to $5,200 an ounce, citing cooling investor demand amid rising market volatility. (Source: IG)

April 7 — Binance Futures announced today that it will update the leverage and margin tiers for multiple U-margined perpetual contracts on April 10 at 14:30 Beijing time. The affected contracts include XPLUSDT, FFUSDT, 0GUSDT, WIFUSDT, WUSDT, ZENUSDT, LINEAUSDT, NMRUSDT, PROVEUSDT, BERAUSDT, SNXUSDT, KAITOUSDT, SUSHIUSDT, MOODENGUSDT, ERAUSDT, TRBUSDT, SPKUSDT, and BIOUSDT. The update is expected to take roughly one hour to finish, and existing positions will be impacted.

On April 7, Binance announced it will gradually implement the Price Range Enforcement Rule (PRER) for spot trading starting April 14, 2026. The rule aims to prevent user orders from executing at abnormal prices amid extreme market volatility, limiting executions to a dynamic price range to uphold a fair and orderly market environment.

April 7 — Independent analyst Markus Thielen’s chart analysis reveals cryptocurrency spot trading volume has plummeted. Average daily volume has fallen from $410 billion in December 2024 to $266 billion in October 2025, and over the past 30 days, it’s dropped to just $80 billion. Spot trading volume is a key barometer for altcoin performance, reflecting market participation and risk appetite. The current slump in trading activity helps explain altcoins’ ongoing weakness: lackluster trading leads to muted price moves and worsening market sentiment. A sustained altcoin rally will need a meaningful rebound in trading volume. Without a clear catalyst, a broad-based market rally is unlikely. Right now, trading volume is concentrated in just a handful of assets, and overall market participation remains muted.

On April 7, Block—co-founded by Twitter co-creator Jack Dorsey—kicked off a Bitcoin faucet event at 12:00 UTC+8. The total prize pool is roughly $1 million in BTC (equivalent to about 15 BTC). The event will run through April 10 or until funds are depleted. Unlike traditional fully free faucets, this one requires users to earn BTC by purchasing, using, or self-custodying Bitcoin via Block’s ecosystem tools—including Cash App, Square, and Bitkey. Each participant can claim up to ~$80 worth of BTC. Real-time total redemption data has not been publicly released by the official website as of now.